A more robust advertising climate helped power the conglomerate to a net income of $775 million for its fiscal 1st quarter, up from $571 million same quarter last year. Operating income at the “filmed entertainment’ side, which also incorporates Twentieth Century Fox Television, was down from $391 to $280 million, based mainly on the fact that last year’s theatrical slate had Ice Age: Dawn of the Dinosaurs. This year’s quarter had Predator and Machete and launch costs for the Wall Street sequel. Though higher syndication revenue for How I Met Your Mother were strong. On the cable side, Fox News’ dominance and that strong ad renaissance meant income rose to $659 million, an increase of $136 million, driven by a 17% increase in revenue. Revenue gains for domsestic ad markets on the cable side were 16% (domestic) and 27% (international). And improved performance at Fox Television Stations helped raise operating income within the TV unit to $105 million from $67 million a year ago; the company is currently in the regulatory approval process for the remaining stake in BSkyB. Even newspaper ad revenue was up 13%.
News Corp Profit Rises On Ad Rebound
By THE DEADLINE TEAM | Wednesday November 3, 2010 @ 1:45pm PDTTags: Big Media, How I Met Your Mother Syndication, Machete, News Corp, News Corp Finance, Predator
This article was printed from http://www.deadline.com/2010/11/news-corp-1st-quarter-income-rises-36/
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Title Studio Gross 1 Man Of Steel WB $116.6M 2 This Is The End SNY $20.7M 3 Now You See Me LG $11.0M 4 Fast & Furious 6 UNI $9.6M 5 The Purge UNI $8.3M 6 The Internship FOX $7.1M 7 Epic FOX $6.3M 8 Star Trek Into ... PAR $6.3M 9 After Earth SNY $4.1M 10 Iron Man 3 DIS $3.0M SOURCE: RENTRAKBox Office Poll
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i bet newcorp pulls the plug on myspace.